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CIB net income up 17% in 4Q 2022
CIB’s net income rose 17% y–o-y to EGP 3.95 bn in 4Q 2022, according to its latest earnings release (pdf).…
Moody’s downgrades five banks’ deposit ratings on sovereign credit risk
Moody’s has downgraded the long-term deposit ratings of five Egyptian banks on the back of its downgrade last week of…
Is FAB still interested in StanChart?
FAB reportedly still has eyes for Standard Chartered: First Abu Dhabi Bank (FAB) is working under the radar on an…
AfDB has a new Egypt country manager
The African Development Bank (AfDB) has appointed Abdourahmane Diaw (LinkedIn) the bank’s new head of Egypt, effective 1 November 2022,…
Food prices hit record high on January devaluation
Inflation hit a fresh five-year high in January on the back of a record increase in food prices due to…
Nigerian fintech Flutterwave enters Egypt
To act as an official payment service provided in the country
Sri Lanka’s LOLC wants to expand in Egypt
Yesterday in M&A: A Sri Lankan financial services conglomerate that established a presence in Egypt last year wants to make…
Foreign investors want higher rates before returning to Egypt
Dovish CBE policy leaves EM investors disappointed: Would-be emerging market investors looking to return to Egypt after January’s devaluations were…
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